Buenos Aires, March 10 (NA) — Argentine assets had a remarkable day on Tuesday, despite the winds of war blowing from the Middle East. The S&P Merval in dollars rose sharply, Argentine ADRs soared on Wall Street, and the country risk recovered. World markets remain on edge as investors process the latest news about the war in the Middle East. In the local market, the sovereign bonds that advanced the most were Global 2029 (+2.1%), Bonar 2029 (+2%), and Bonar 2038 (+2%). In this context, the gains of Metrogas (+9%), Central Puerto (7.4%), and Edenor (+6.2%) stand out. Meanwhile, Argentine ADRs advanced by up to 11.1%, led by Central Puerto, followed by Grupo Supervielle (+7.2%) and Edenor (+7.1%). At the same time, President Javier Milei headed in New York the so-called 'Argentina Week,' a forum aimed at attracting investment and strengthening ties with the international financial sector. Thus, the country risk plunged to 551 basis points, after having neared 600 units at the peak of global financial tension. This is a level of the economic indicator that still keeps the government away from returning to international markets to refinance external debt maturities. The S&P Merval advances 4.2% to 2,742,259.28 points, while its dollar counterpart does so by 4.9%.
